With the move of the first wave we see a decrease in volume. the indicator MACD showing oversold and the candles coming down to the Bollinger Bands Moving Average. I would expect the carts to trend down and then we should have a point of hope at A, Point of reality at B and a possible retrace to C, for a consolidation. Consolidation expected at support level of 50.0 Fibonacci line. Thanks for reading hoping to see your comments and thoughts in the comments.
Comment:
0.08544035 seams to be the roofing of the consolidation which should be confirmed by more candles to set the channel that would propose a breakout to the Upside or downside if broken.
Comment:
Eliot wave and correction completed but needs some work on the time frame of said movement.
Support line held nicely.
Final hoddlers gave up, now expecting consolidation or a break to the next resistance at 9 mill sats.
Support line held nicely.
Final hoddlers gave up, now expecting consolidation or a break to the next resistance at 9 mill sats.
Trade closed: target reached:
Consolidating. Waiting for next buy opportunity
